U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-KSB

(Mark One)

X__Annual report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal
year ended December 31, 2000.

___Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from ______ to ______.

Commission File No:   0-15893

**RCA TRADING CO., INC.**

(Name of small business in its charter)

|Florida                                        | 13-4025362                       
|---------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation) | (IRS Employer Identification No.)

|515 Madison Avenue, 21st Fl.  New York, NY | 10022   
|------------------------------------------ | --------
|Address of Principal Executive Office      | Zip Code

Issuer's telephone number:  (212) 644-5440

Securities to be registered under Section 12(b) of the Act:





Securities to be registered under Section 12(g) of the Act:





Check whether the issuer (1) filed all reports required to be filed by  Section 13 or 15(d) of the
Securities Exchange Act during the past 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes  X   No ____

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B
contained in this form, and no disclosure will be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB.___

State issuer's revenue for its most recent fiscal year: $  -0-

State the aggregate market value of the voting stock held by non-affiliates computed by reference
to the price at which the stock was sold, or the average bid and asked priced of such stock, as of a
specified date within the past 60 days (See definition of affiliate in Rule 12b-2): -0-

Note: If determining whether a person is an affiliate will involve an unreasonable effort and
expense, the issuer may calculate the aggregate market value of the common equity held by
non-affiliates on the basis of reasonable assumptions, if the assumptions are stated.

(Issuers involved in bankruptcy proceedings during the past five years):

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court. Yes ____ No ____

(Applicable only to corporate registrants) State the number of shares outstanding of each of the
issuer's classes of common equity, as of the latest practicable date: 6,283,250 as of December 31,
2000.

(Documents incorporated by reference. If the following documents are incorporated by reference,
briefly describe them and identify the part of the Form 10-KSB (e.g. Part I, Part II, etc.) into
which the document is incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the
Securities Act of 1933 ("Securities Act").  The listed documents should be clearly described for
identification purposes.

PART I

ITEM 1.   DESCRIPTION OF BUSINESS.

General

The Company was incorporated  under the laws of the state of Florida on May 6, 1996.
The Company was formed as a "blind pool" or "blank check" company  for the  purpose of
seeking  to complete a merger or  business acquisition transaction, and is in the early
developmental and promotional stages.  The Company has not commenced any commercial
operations, has no full-time employees, and owns no real estate.



The Company's business plan is to seek, investigate, and, if warranted, acquire one or
more  properties or  businesses, and to pursue other related activities intended to enhance
shareholder value. The acquisition of a business opportunity may be made by purchase, merger,
exchange of stock, or otherwise, and may encompass assets or a business entity, such as a
corporation, joint venture, or partnership.  The Company has no capital, and it is unlikely that the
Company will be able to take advantage of more than one such  business opportunity.  The
Company intends to seek  opportunities demonstrating the potential of long-term growth as
opposed to short-term earnings.

As of the end of its fiscal year ending December 31, 2000, the Company had entered into
an Agreement for Share Exchange ("Exchange Agreement") dated October 16, 2000, with
American Waste Recovery, Inc., ("AWR") a private Nevada corporation.  Under the terms of the
Agreement,the Company will acquire an aggregate of 6,622,250 shares of common stock of
AWR, representing 100% of the issued and outstanding stock of AWR, in a share-for-share
exchange on the basis of one share of common stock of the Company for each share of AWR
common stock acquired by the Company.It is contemplated by the parties that the corporate
name of the Company shall be changed contingent upon and subsequent to the closing.

In the event the Company completes the contemplated Exchange Agreement, a change in
control will occur.   A provision of the Exchange Agreement mandates that certain shareholders
of the Company surrender a total of 4,600,000 shares for cancellation, leaving the Company with
a total of 1,683,250 shares issued and outstanding, from an original total of 6,283,250 shares
issued and outstanding. The Company will have a total of 8,305,500 shares issued and
outstanding, of which 1,683,250 shares, or approximately 20.27%, will be owned by its current
shareholders, and of which 6,622,250, or approximately 79.73%, will be owned by the current
shareholders of AWR.   AWR,  a development stage company engaged in the business of
fabricating and operating organic matter treatment plants and developing new waste treatment
technologies, plans to continue to conduct its existing business operations as a subsidiary of the
Company.

Company management believes that AWR satisfies the criteria it established for
identification of merger candidates, and that the proposed share exchange transaction is
consistent with the Company's business plan.  However, there is no assurance that the proposed
transaction will be completed in accordance with the terms of the Agreement.

In the event that the contemplated share exchange with AWR is not consummated, it is
anticipated that the Company's officers and directors will continue to initiate contacts with
securities broker-dealers and other persons engaged in other aspects of corporate finance to
advise them of the Company's existence and to determine if the companies or businesses they
represent have an interest in considering a merger with the Company.  No assurance can be given
that the Company will be successful in finding or acquiring a desirable business opportunity,
given the limited funds that are expected to be available for acquisitions, or that any acquisition
that occurs will be on terms that are favorable to the Company or its stockholders.

In the event the share exchange with AWR is not consummated, the Company's search
will be directed towards small and medium-sized enterprises which have a desire to become
public corporations and which are able to satisfy, or anticipate n the reasonably near future being
able to satisfy, the minimum asset requirements in order to qualify shares for trading on
NASDAQ or on an exchange such as the American or Pacific Stock Exchange.  (See
"Investigation and Selection of Business Opportunities.") The Company anticipates that the
business opportunities presented to it will (i) be recently organized with no operating history, or a
history of losses attributable to under-capitalization or other factors; (ii) be experiencing financial
or operating difficulties; (iii) be in need of funds to develop a new product or service or to
expand into a new market; (iv) be relying upon an untested product or marketing concept; or (v)
have a combination of the characteristics mentioned in (i) through (v).  The Company intends to
concentrate its acquisition efforts on properties or businesses that it believes to be undervalued.
Given the above factors, investors should expect that any acquisition candidate may have a
history of losses or low profitability.

The Company does not propose to restrict its search for investment opportunities to any
particular geographical area or industry, and may, therefore, engage in essentially any business, to
the extent of its limited resources.  This includes industries such as service, finance, natural
resources, manufacturing, high technology, product development, medical, communications and
others.  The Company's discretion in the selection of business opportunities is unrestricted,
subject to the availability of such opportunities, economic conditions, and other factors.

As a consequence of the Company's registration of its securities under the Securities
Exchange Act of 1934, any entity which has an interest in being acquired by the Company is
expected to be an entity that desires to become a public company as a result of the transaction.  In
connection with such an acquisition, it is highly likely that an amount of stock constituting
control of the Company would be issued by the Company or purchased from the Company's
current principal shareholders by the target entity or its controlling shareholders.

Investigation and Selection of Business Opportunities

To a large extent, a decision to participate in a specific business opportunity may be made
upon management's analysis of the quality of the other company's management and personnel,
the anticipated acceptability of new products or marketing concepts, the merit of technological
changes, and numerous other factors which are difficult, if not impossible, to analyze through the
application of any objective criteria.  In many instances, it is anticipated that the historical
operations of a specific firm may not necessarily be indicative of the potential for the future
because of the possible need to shift marketing approaches substantially, expand significantly,
change product emphasis, change or substantially augment management, or make other changes.
Because of the lack of training or experience of the Company's management, the Company will
be dependent upon the owners of a business opportunity to identify such problems and to
implement, or be primarily responsible for the implementation of, required changes.  Because the
Company may participate in a business opportunity with a newly organized firm or with a firm
which is entering a new phase of growth, it should be emphasized that the Company will incur
further risks, because management in many instances will not have proved its abilities or
effectiveness, the eventual market for such company's products or services will likely not be
established, and such company may not be profitable when acquired.

It is anticipated that the Company will not be able to diversify, but will essentially be
limited to one such venture because of the Company's limited financing.  The Company will be
limited to a single business acquisition transaction in the event it completes the proposed share
exchange with AWR.  This lack of diversification will not permit the Company to offset potential
losses from one business opportunity against profits from another, and should be considered an
adverse factor affecting any decision to purchase the Company' securities.

The analysis of business opportunities will be undertaken by or under the supervision of
the Company's executive officers and directors.  Although there are no current plans to do so, in
the event the Company does not complete the proposed merger transaction with AWR,
management might hire an outside consultant to assist in the investigation and selection of
business opportunities, and in that event, might pay a finder's fee.

In investigation and selection of possible merger or acquisition candidates, the Company
anticipates that it will consider, among other things, the following factors:

(a)  Potential for growth and profitability, indicated by new technology, anticipated
market expansion, or new products;

(b)  Competitive position as compared to other companies of similar size and experience
within the industry segment as well as within the industry as a whole;

(c)  Strength and diversity of existing management, or management prospects that are
scheduled for recruitment;

(d)  Capital requirements and anticipated availability of required funds, to be provided
from operations, through the sale of additional securities, through joint ventures or similar
arrangements, or from other sources;

(e)  The Company's perception of how any particular business opportunity will be
received by the investment community and by the Company's stockholders;

(f)  The availability of audited financial statements for the business opportunity; and

(g)  Whether, following the business combination,  the financial condition of the business
opportunity  would be, or would have a significant prospect in the foreseeable future of becoming
sufficient to enable the securities of the Company to qualify for listing on an exchange or on a
national automated securities quotation system, such as NASDAQ.

No one of the factors above will be controlling in the selection of a business opportunity,
and management will attempt to analyze all factors appropriate to the opportunity and make a
determination based upon reasonable investigative measures and available data.  Potential
investors must recognize that, because of the Company's limited capital available for
investigation and management's limited experience in business analysis, the Company may not
discover or adequately evaluate adverse facts about the opportunity to be acquired.

In applying the criteria listed above, no one of which will be controlling, management
will attempt to analyze all factors appropriate to the opportunity and make a determination based
upon reasonable investigative measures and available data.  Potentially available business
opportunities may occur in many different industries and at various stages of development, all of
which will make the task of comparative investigation and analysis of such business
opportunities extremely difficult and complex.  Potential investors must recognize that, because
of the Company's limited capital available for investigation and management's limited
experience in business analysis, the Company may not discover or adequately evaluate adverse
facts about the opportunity to be acquired.

Company management believes that various types of potential merger or acquisition
candidates might find a business combination with the Company to be attractive.  These include
acquisition candidates desiring to create a public market for their shares in order to enhance
liquidity for current shareholders, acquisition candidates which have long-term plans for raising
equity capital through the public sale of securities and believe that the possible prior existence of
a public market for their securities would be beneficial, and acquisition candidates which plan to
acquire additional assets through issuance of securities rather than for cash, and believe that the
possibility of development of a public market for their securities will be of assistance in that
process.  Acquisition candidates which have a need for an immediate cash infusion are not likely
to find a potential business combination with the Company to be an attractive alternative.

Form of Acquisition

It is impossible to predict the manner in which the Company may participate in a business
opportunity.  Specific business opportunities will be reviewed as well as the respective needs and
desires of the Company and the promoters of the opportunity and, upon the basis of that review
and the relative negotiating strength of the Company and such promoters, the legal structure or
method deemed by management to be suitable will be selected.  Such structure may include, but
is not limited to, share exchanges, mergers, agreements for purchase of and sale of stock or
assets, leases, licenses, joint ventures and other contractual arrangements.  The Company may act
directly or indirectly through an interest in a partnership, corporation or other form of
organization.  Implementing such structure may require the merger, consolidation or
reorganization of the Company with other corporations or forms of business organization.  In
addition, the present management and stockholders of the Company most likely will not have
control of a majority of the voting shares of the Company following a reorganization transaction.
As part of such a transaction, the Company's directors may resign and new directors may be
appointed without any vote by stockholders.

The proposed transaction with AWR is structured as a reverse acquisition in which AWR
will become a wholly-owed subsidiary of the Company.  Following completion of the share
exchange, the current shareholders of AWR will own a majority of the outstanding stock of the
Company, and all of the current officers and directors of the Company will be replaced by
persons designated by AWR.

It is likely that the Company will acquire its participation in a business opportunity
through the issuance of Common Stock or other  securities of the Company.  Although the terms
of any such transaction cannot be predicted, it should be noted that in certain circumstances the
criteria for determining whether or not an acquisition is a so-called "tax free" reorganization
under the Internal Revenue Code of 1986, depends upon the issuance to the stockholders of the
acquired company of more than 80% of the common stock of the combined entities immediately
following the reorganization.  If a transaction were structured to take advantage of these
provisions rather than other "tax free" provisions provided under the Internal Revenue Code, the
Company's stockholders in such circumstances would retain in the aggregate 20% or less of the
total issued and outstanding shares.  This could result in substantial additional dilution in the
equity of those who were stockholders of the Company prior to such reorganization.  Any such
issuance of additional shares might also be done simultaneously with a sale or transfer of shares
representing a controlling interest in the Company by the current officers, directors and principal
shareholders. (See "Description of Business - General").

It is anticipated that any securities issued in any reorganization  would be issued in
reliance upon exemptions, if any are available, from registration under applicable federal and
state securities laws.  In some circumstances, however, as a negotiated element of the transaction,
the Company may agree to register such securities either at the time the transaction is
consummated, or under certain conditions or at specified times thereafter.  The issuance of
substantial additional securities and their potential sale into any trading market that might
develop in the Company's securities may have a depressive effect upon such market.  The shares
to be issued to AWR will be issued pursuant to exemptions from registration and will be
restricted securities as that term is defined in Rule 144 under the Securities Act of 1933.

The Company will participate in a business opportunity only after the negotiation and
execution of a written agreement.  Although the terms of such agreement cannot be predicted,
generally such an agreement would require specific representations and warranties by all of the
parties thereto, specify certain events of default, detail the terms of closing and the conditions
which must be satisfied by each of the parties thereto prior to such closing, outline the manner of
bearing costs if the transaction is not closed, set forth remedies upon default, and include

Employees

The Company is a development stage company and currently has no employees.
Management of the Company expects to use consultants, attorneys and accountants as necessary,
and does not anticipate a need to engage any full-time employees so long as it is seeking and
evaluating business opportunities.  The need for employees and their availability will be
addressed in connection with the decision whether or not to acquire or participate in specific
business opportunities. No remuneration will be paid to the Company's officers except as set
forth under "Executive Compensation" and under "Certain Relationships and Related
Transactions."

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.  Except for historical
matters, the matters discussed in this Form 10-KSB are forward-looking statements based on
current expectations, and involve risks and uncertainties.  Forward-looking statements include,
but are not limited to, statements under the following headings:

(i) "Description of Business - General" - the general description of the Company's plan to
seek a merger or acquisition candidate, and the types of business opportunities that may be
pursued.

(ii) "Description of Business - Investigation and Selection of Business Opportunities" -
the steps which may be taken to investigate   prospective business opportunities, and the factors
which may be used in selecting a business opportunity.

(iii) "Description of Business - Form of Acquisition" - the manner in which the Company
may participate in a business acquisition.

The Company wishes to caution the reader that there are many  uncertainties and
unknown factors which could affect its ability to carry out its business plan in the manner
described herein.

ITEM 2.   DESCRIPTION OF PROPERTY.

The Company currently has no investments in real estate, real estate mortgages, or real
estate securities, and does not anticipate making any such investments in the future.The
Company  currently  maintains a mailing  address at 515 Madison Avenue, 21st Fl.  New York,
NY, 10022.  The  Company's  telephone  number  there is (212) 644-5440.  Other than this
mailing  address,  the  Company  does not  currently maintain  any other  office  facilities,  and
does not  anticipate  the need for maintaining office facilities at any time in the foreseeable
future.  The Company pays no rent or other fees for the use of the mailing address.

ITEM 3.   LEGAL PROCEEDINGS.

The Company is not a party to any pending legal proceedings, and no such proceedings
are known to be contemplated.  No director, officer or affiliate of the Company, and no owner of
record or beneficial owner of more than five percent (5%) of the securities of the Company, or
any associate of any such director, officer or security holder is a party adverse to the Company or
has a material interest adverse to the Company in reference to pending litigation.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF  SECURITY HOLDERS.

No matters were submitted to a vote of the security holders of the Company during the
fourth quarter of the fiscal year which ended December 31, 2000.

Part II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS.

There is not currently a public trading market for the Company's securities.  Such
securities are currently held of record by a total of approximately 38 persons.

No dividends have been declared or paid on the Company's securities, and it is not
anticipated that any dividends will be declared or paid in the foreseeable future.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

The Company remains in the development stage.  Since inception, it has received cash
proceeds of $44,416 from sale of stock, and has issued shares for services valued at $5,410. The
Company has expended a portion of its cash in furtherance of its business plan, including
primarily expenditure of funds to pay legal and accounting expenses, and has recorded the full
value of the stock issued for services as a general, selling and administrative expense.
Consequently, the Company's balance sheet for the fiscal year ended December 31, 2000, reflects
a current asset value of $600, which is all in the form of securities available for sale, current
liabilities of $27,368, and a deficit of $74,914 accumulated during the development stage.

Results of Operations

During the period from May 6, 1996, (inception) through December 31, 2000, the
Company has accumulated a deficit of $74,194.  During this period, the Company has engaged in
no significant operations other than organizational activities, acquisition of capital, preparation
and filing of the registration of its securities under the Securities Exchange Act of 1934, as
amended, compliance with its periodical reporting requirements, and efforts to locate a suitable
merger or acquisition candidate.  No revenues were received by the Company during this period.



Need for Additional Financing

During the fiscal year ending December 31, 2001, the Company plans to file all required
periodical reports and to maintain its status as a fully-reporting Company under the Securities
Exchange Act of 1934.  In the event the Company does not complete the proposed transaction
with AWR, it will require additional capital in order to meet its cash needs for the next year.

No specific commitments to provide additional funds have been made by management or
other stockholders, and the Company has no current plans, proposals, arrangements or
understandings with respect to the sale or issuance of additional securities prior to the location of
a merger or acquisition candidate.  Accordingly, there can be no assurance that any additional
funds will be available to the Company to allow it to cover its expenses.  Notwithstanding the
foregoing, to the extent that additional funds are required, the Company anticipates receiving
such funds in the form of advancements from current shareholders without issuance of additional
shares or other securities, or through the private placement of restricted securities rather than
through a public offering.

In the event the Company completes the proposed transaction with AWR, its needs for
additional capital will change.  Current management has no basis upon which to determine the
possible capital needs of the Company following completion of the contemplated transaction.

The Company may also seek to compensate providers of services by issuances of stock in
lieu of cash.  For information as to the Company's policy in regard to payment for consulting
services, see "Certain Relationships and Transactions."

ITEM 7.   FINANCIAL STATEMENTS.

See following pages.

RCA TRADING CO.

(A Development Stage Company)

Independent Auditors' Report

Independent Auditor's Report

Balance Sheet

Statement of Operations

Statement of Stockholders' Equity

Statements of Cash Flows

Notes to Financial Statements

INDEPENDENT AUDITORS' REPORT

To the Shareholders of RCA Trading Co. (A Development Stage Company)

We have audited the balance sheet of RCA Trading Co. (A Development Stage Company) as of
December 31, 2000, and the statements of operations, stockholders' equity, and cash flows for
the year then ended.  These financial statements are the responsibility of the company's
management.  Our responsibility is to express an opinion on these financial statements based on
our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United
States.  Those standards require that we plan and perform the audit to obtain reasonable
assurance whether the financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement
presentation.  We believe that our audit provides a reasonable basis for our opinion.

In our opinion, these financial statements present fairly, in all material respects, the financial
position of the company as at December 31, 2000, and the results of its operations and cash flows
for the year then ended in accordance with accounting principles generally accepted in the United
States.

These financial statements have been prepared assuming that the company will continue as a
going concern.  As discussed in Note 1 to the financial statements, the company is a development
stage company with no significant operating revenues to date, which raises substantial doubt
about its ability to continue as a going concern.  Management's plans in regard to these matters
are described in Note 1.  The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

Vancouver, Canada

March 23, 2001

Grant Thornton, LLP

Chartered Accountants

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors and Stockholders of RCA Trading Co.

New York, New York

I have audited the accompanying  balance sheet of RCA Trading Co. (a Florida corporation in the
development stage) as of December 31, 1999, and the related statement of operations,
stockholders' equity, and cash flows for the year then ended.  These financial statements are the
responsibility of the company's management.  My responsibility is to express an opinion on these
financial statements based on my audit.

I conducted my audit in accordance with generally accepted auditing standards.  Those standards
require that I plan and perform the audit to obtain reasonable assurance whether the financial
statements are free of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.  An audit also
includes assessing the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation.  I believe that my audit
provides a reasonable basis for my opinion.

As discussed in Note 7 to the financial statements, the company restated its financial statement to
correct the accounting for organization costs and to reflect a correction in the number of common
shares issued in 1999 and the consideration received for the issuance of these common shares.

In my opinion, the  financial statements referred to above present fairly, in all material respects,
the financial position of RCA Trading Co. as of  December 31, 1999, and the results of its
operations and cash flows for the year then ended in conformity with generally accepted
accounting principles.

Stewart H. Benjamin

Certified Public Accountant, P.C.

Plainview, New York

May 8, 2000 (except as to Note 7 to which date is March 22, 2001).

RCA TRADING CO.

(A Development Stage Company)

BALANCE SHEET

(Expressed in U.S. Dollars)

December 31, 2000

|                                                             | **2000**         | 1999        
|------------------------------------------------------------ | ---------------- | ------------
|**ASSETS**                                                   | ****             |             
|Current                                                      | ****             |             
|Cash                                                         | **$          -** | $   1,888   
|Securities available for sale                                | **600**          | 4,680       
|                                                             | **$     600**    | $   6,568   
|**Current Liabilities**                                      | ****             |             
|Bank indebtedness                                            | **$        30**  | $          -
|Payables and accruals                                        | **13,071**       | 2,657       
|Due to shareholder (Note 3)                                  | **14,267**       | 12,656      
|                                                             | **27,368**       | 15,313      
|**Stockholders' Deficiency**                                 | ****             |             
|Capital stock (Note 4)                                       | ****             |             
|Authorized:                                                  | ****             |             
|10,000,000 common shares with a par value of 0.001 per share | ****             |             
|Issued:                                                      | ****             |             
|6,283,250 (1999: 6,163,500) common shares                    | **6,284**        | 6,164       
|Additional paid-in capital                                   | **43,542**       | 41,587      
|                                                             | **49,826**       | 47,751      
|Deficit                                                      | **(74,194)**     | (58,176)    
|                                                             | **(24,368)**     | (10,425)    
|Unrealized (loss) gain on marketable securities              | **(2,400)**      | 1,680       
|                                                             | **(26,768)**     | (8,745)     
|                                                             | **$       600**  | $  6,568    

See accompanying notes to the financial statements.

RCA TRADING CO.

(A Development Stage Company)

STATEMENT OF OPERATIONS

(Expressed in U.S. Dollars)





|                                           | **For the period
from inception  to
December 31, 2000** | Year Ended
December 31,
2000 | Year Ended
December 31,
1999
|------------------------------------------ | ------------------------------------------------------- | ---------------------------- | ----------------------------
|Commission income                          | **$27,500**                                             | $           -                | $27,500                     
|Expenses                                   | ****                                                    |                              |                             
|Office and general                         | **101,694**                                             | 16,018                       | 39,549                      
|Net loss                                   | **$74,194**                                             | $16,018                      | $12,049                     
|Loss per share                             | ****                                                    | $    0.01                    | $     0.01                  
|Weighted average common
shares outstanding | ****                                                    | 6,248,934                    | 6,163,500                   

See accompanying notes to the financial statements.

RCA TRADING CO.

(A Development Stage Company)

STATEMENT OF STOCKHOLDERS' EQUITY

(Expressed in U.S. Dollars)

Period from inception to December 31, 2000

Capital
Stock

Shares
Capital
Stock

Amount
Capital Stock

Additional
Paid-in Capital
Deficit
Accumulated
from Inception
Unrealized
Gain on
Marketable
Securities
TotalBalances, May 6, 1996
(inception)
-
$     -
$       -
$     -
$       -
$        -Sale of common stock for
cash
400,000
400
33,500
-
-
33,900Net loss
-
-
-
(32,748)
-
(32,748)Balances, December 31,
1996
400,000
400
33,500
(32,748)
-
1,152Issuance of common stock
for services
5,410,000
5,410
-
-
-
5,410Sale of common stock for
cash
348,000
348
4,842
-
-
5,190Net loss
-
-
-
(10,471)
-
(10,471)Balances, December 31,
1997
6,158,000
6,158
38,342
(43,219)
-
1,281Sale of common stock for
cash
5,500
6
3,245
-
-
3,251Change in unrealized gain
on marketable securities
-
-
-
-
38,250
38,250Net loss
-
-
-
(2,908)
-
(2,908)Balances, December 31,
1998
6,163,500
6,164
41,587
(46,127)
38,250
39,874Change in unrealized gain
on marketable securities
-
-
-
-
(36,570)
(36,570)Net loss
-
-
-
(12,049)
-
(12,049)Balances, December 31,
1999
6,163,500
6,164
41,587
(58,176)
1,680
(8,745)Sale of common stock for
cash
119,750
120
1,955
-
-
2,075Change in unrealized gain
on marketable securities
-
-
-
-
(4,080)
(4,080)Net loss
-
-
-
(16,018)
-
(16,018)Balances, December 31,
2000
6,283,250
$6,284
$43,542
$(74,194)
$(2,400)
$(26,768)See accompanying notes to the financial statements.

RCA TRADING CO.

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

(Expressed in U.S. Dollars)



**For the period
from inception  to
December 31, 2000**
Year Ended
December 31,
2000
Year Ended
December 31,
1999Cash derived from (applied to)
******Operating**
****Net loss
**$(74,194)**
$(16,018)
$(12,049)Services rendered for common
stock
****
5,410
-
-Change in non-cash operating
working capital
****Payables and accruals
**13,071**
10,415
2,750**(55,713)**
(5,603)
(9,299)**Financing**
****Shares issued for cash
**44,416**
2,075
-Due to a shareholder
**14,267**
1,610
11,080**58,683**
3,685
11,080**Investing**
****Purchase of securities
available for sale
****
**(3,000)**
-
-(Decrease) increase in cash
**(30)**
(1,918)
1,781Cash, beginning of year
**-**
1,888
107(Bank indebtedness) cash, end
of year
****
$            **(30)**
$           (30)
$ 1,888**Non-cash financing
transactions not included in
cash flows**
****Unrealized gain on securities
available for sale
****
$  **2,400**
$ 4,080
$36,570Common stock issued for
services
****
$   **5,410**
$               -
$              -See accompanying notes to the financial statements.

RCA TRADING CO

(A Development Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

(Expressed in U.S. Dollars)

December 31, 2000

**1.	Organization and description of business**

****The company was incorporated under the laws of Florida on May 6, 1996.

The company does not have an established source of revenue significant to cover its operating
costs and to allow it to continue as a going concern.  It is the intention of the company to seek
additional financing through private placements of its common stock.

**2.		Summary of significant accounting policies**

******Use of estimates**

The preparation of financial statements in conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during the reporting
period.  Actual results could differ from those estimates.

**Securities available-for-sale**

Securities available-for-sale consist of marketable equity securities not classified as trading
securities.  Securities available-for-sale are stated at fair value, and unrealized holding gains and
losses are reported as a separate component of stockholders' equity.

Dividends on marketable equity securities are recognized in income when declared.  Realized
gains and losses are determined on the basis of the actual cost of the securities sold.

**Statement of cash flows**

For the purpose of the statement of cash flows, the company considers cash on hand and balances
with banks, net of overdrafts, and highly liquid temporary money market instruments with
original maturities of three months or less as cash or cash equivalents.

**Deferred income taxes**

Deferred income taxes are provided for significant carryforwards and temporary differences
between the tax basis of an asset or liability and its reported amount in the financial statements
that will result in taxable or deductible amounts in future periods.  Deferred tax assets or
liabilities are determined by applying presently enacted tax rates and laws.

A valuation allowance is required when it is more likely than not that some portion or all of the
deferred tax asset will not be realized.

**Financial instruments**

The company has financial instruments that include cash, payables and accruals, and amounts
due to a shareholder.

The fair value of all financial instruments, except amounts due to a shareholder, approximates
their recorded amounts.  it is not practicable to estimate the fair value of the balance due to the
shareholder due to the indefinite payment terms.

**Recent accounting pronouncements**

SFAS Nos. 133 and 138

The Financial Accounting Standards Board issued SFAS No. 133, "Accounting for Derivative
Instruments and Hedging Activities" and SFAS No. 138, "Accounting for Certain Derivative
Instruments and certain Hedging Activities, an amendment of FASB Statement No. 133",
effective for fiscal years beginning after June 15, 2000.  These Statements establish accounting
and reporting standards for derivative instruments and hedging activities, including certain
derivative instruments embedded in other contracts, and requires that an entity recognize all
derivatives as assets or liabilities in the balance sheet and measure them at fair value.  If certain
conditions are met, an entity may elect to designate a derivative as follows:  (a) a hedge of the
exposure to changes in the fair value of a recognized asset or liability or an unrecognized firm
commitment, (b) a hedge of the exposure to variable cash flows of a forecasted transaction, or (c)
a hedge of the foreign currency exposure of an unrecognized firm commitment, an available-for-sale security, a foreign currency denominated forecasted transaction, or a net investment in a
foreign operation.  The Statements generally provide for matching the timing of the recognition
of the gain or loss on derivatives designated as hedging instruments with the recognition of the
changes in the fair value of the item being hedged.  Depending on the type of hedge, such
recognition will be in either net income or other comprehensive income.  For a derivative not
designated as a hedging instrument, changes in fair value will be recognized in net income in the
period of change.  Management is currently evaluating the impact of adopting SFAS Nos. 133
and 138 on the financial statements, but does not anticipate that they will have a material impact.

SFAS No. 140

The Financial Accounting Standards Board issued SFAS No. 140, "Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities," which replaces SFAS 125.
The new Statement revises some of the standards for accounting for collateral and for
securitizations and other transfers of financial assets. It is based on the financial-components
approach used in SFAS 125 and carries over most of that Statement's accounting provisions
without change.  The revised accounting provision applies to transfers of financial assets
occurring after March 31, 2001.  SFAS 140 also requires expanded disclosures about securitized
and pledged financial assets, which are effective for fiscal years ending after December 15, 2000.
Management is evaluating the impact of adopting SFAS No. 140 on the financial statements, but
does not anticipate that it will have a material impact.

**Loss per share**

The company follows Statement of Financial Accounting Standard No. 128, to calculate earnings
per share.  Basic loss per share is computed using the weighted effect of all common shares
issued and outstanding.

**3.		Due to shareholder**

Advances from a shareholder are non-interest bearing, unsecured, and have no set terms of
repayment.

**Capital stock****Common stock**

Since inception, the company has issued 6,283,250 shares of common stock, 5,410,000 of which
were for services and costs advanced in 1997, valued at $.001 per share.  These shares were
issued to officers and consultants of the company.

Dividends may be paid on outstanding shares as declared by the Board of Directors.  Each share
of common stock is entitled to one vote.

**Options**

Since inception, the company has not issued any options on its common stock.

**Income taxes**At December 31, 2000, the company has net operating losses carried forward of approximately
$60,000 (December 31, 1999:  $58,000) that may be offset against future taxable income to 2019.
No future tax benefit has been recorded in the financial statements, as the company believes that
it is more likely than not that the carryforwards will expire unused.  Accordingly, the potential
tax benefits of the loss carryforwards are offset by a valuation allowance of the same amount.

**6.		Related party transactions**

Office facilities are provided to the company by an officer at no cost.

**7.		Prior period adjustment**

Organization costs, common shares issued, cash, and amounts due to a shareholder were restated
as of December 31, 1999 to correct the accounting treatment of organization costs and common
stock issued during 1999.

**8.		Subsequent event**

Pursuant to an Agreement for Share Exchange dated October 16, 2000, entered into by the
company and American Waste Recovery, Inc. ("AWR") (a private Nevada corporation), the
company has agreed to acquire all 6,622,250 issued and outstanding shares of AWR.

In order to effect this transaction, the company has agreed to reduce the total number of its issued
and outstanding common shares by 4,600,000 from 6,283,250 to 1,683,250 and then issue
6,622,250 shares to the shareholders of AWR.

As a result of this transaction, AWR will become a wholly-owned subsidiary of the company,
and the former shareholders of AWR will in turn own the majority of the issued and outstanding
shares of the company.  The transaction will therefore be a reverse acquisition and will be
accounted for by the purchase method with AWR being the acquirer.

ITEM 8.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.

On March 23, 2001, the Companyappointed the firm of Grant Thornton, LLP of 1055 West
Georgia Street, Vancouver, Canada, as independent auditors of the Company for the fiscal year
ended December 31, 2000.

Part III

ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

The directors and executive officers currently serving the Company are as follows:

Name
Age
Positions Held and TenureDominick Pope
67
President and a Director since May 6, 1996James Season
56
Secretary and a Director since May 6, 1996

The directors named above will serve until the next annual meeting of the Company's
stockholders.  Thereafter, directors will be elected for one-year terms at the annual stockholders'
meeting.  Officers will hold their positions at the pleasure of the board of directors, absent any
employment agreement, of which none currently exists or is contemplated.  There is no
arrangement or understanding between any of the directors or officers of the Company and any
other person pursuant to which any director or officer was or is to be selected as a director or
officer.

The directors and officers will devote their time to the Company's affairs on an "as needed"
basis, which, depending on the circumstances, could amount to as little as two hours per month,
or more than forty hours per month, but more than likely will fall within the range of five to ten
hours per month.

Biographical Information

Dominick Pope.

Mr. Pope, President and a Director, has served as President of the L.J. Loeffler In-House
Communications Business, New York City, since 1977.  Mr. Pope attended Baruch College. Mr.
Pope was formerly the chairman of Intercom Technologies Corp.

James Season.

Mr. Season, Secretary and a Director,  has been treasurer and a director of Insurance Capital
Corp. since 1996.  He has been a consultant and President of Ambassador Capital Group, Inc.
since 1999.  From 1996 to 1999, he was Chief Financial Officer and a director of Hungarian
Broadcasting Corp.  From 1995 to 1996, he was a senior financial officer and director (until
1999) of Hungarian Telephone and Cable Corp.  From 1993 to 1995, he was Chief Financial
Officer and Vice Chairman of Standard Brands Paint Company.  Prior to 1993, he held a number
of senior financial and investment banking positions including being Managing Director of
Chase Manhattan Bank from 1982 to 1986.

Compliance With Section 16(a) of the Exchange Act.

The Company's officers, directors and principal shareholders have represented to the Company
that they have each filed an Initial Statement of Beneficial Ownership of Securities on Form 3.

ITEM 10.  EXECUTIVE COMPENSATION.

No officer or director received any remuneration from the Company during the fiscal year.
Until the Company acquires additional capital, it is not intended that any officer or director will
receive compensation from the Company other than reimbursement for out-of-pocket expenses
incurred on behalf of the Company.  See "Certain Relationships and Related Transactions."  The
Company has no stock option, retirement, pension, or profit-sharing programs for the benefit of
directors, officers or other employees, but the Board of Directors may recommend adoption of
one or more such programs in the future.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT.

The following table sets forth, as of the end of the Company's most recent fiscal year, the
number of shares of Common Stock owned of record and beneficially by executive officers,
directors and persons who hold 5.0% or more of the outstanding Common Stock of the
Company.  Also included are the shares held by all executive officers and directors as a group.

Name and Address
Number of Shares
Owned Beneficially
Percent of Class
OwnedThomas Phillips III

259 Westchester Ave.

Tuckhoe, NY 10011
1,800,000
29.2%Christian Rama

17 Fruitwood Lane

Commack, NY 11725
1,800,000
29,2%Dominick Pope (1)

515 Madison Avenue, 21st Fl.

New York, NY10022
10,000
***James Season (1)

515 Madison Avenue, 21st Fl.

New York, NY10022
0
***All directors and executive

officers (2  persons)
10,000
***(1)   The person listed is an officer, a director, or both, of the Company.



ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Indemnification of Officers and Directors

As permitted by Florida law, the Company's Bylaws provide that the Company will
indemnify its directors and officers against expenses and liabilities they incur to defend, settle, or
satisfy any civil or criminal action brought against them on account of their being, or having
been, Company directors or officers unless, in any such action, they are adjudged to have acted
with gross negligence or willful misconduct.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers or persons controlling the Company pursuant to the foregoing
provisions, the Company has been informed that, in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as expressed in that Act and is,
therefore, unenforceable.



Exclusion of Liability

The Company's Bylaws exclude personal liability for its directors for monetary damages
based upon any violation of their fiduciary duties as directors, except as to liability for any breach
of the duty of loyalty, acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, acts in violation of****Title 36, Chapter607.0850, of the
Florida Corporation Statutes, or any transaction from which a director receives an improper
personal benefit.  This exclusion of liability does not limit any right which a director may have to
be indemnified and does not affect any director's liability under federal or applicable state
securities laws. ****

Conflicts of Interest

None of the officers of the Company will devote more than a portion of his time to the
affairs of the Company.  There will be occasions when the time requirements of the Company's
business conflict with the demands of the officers' other business and investment activities.
Such conflicts may require that the Company attempt to employ additional personnel.  There is
no assurance that the services of such persons will be available or that they can be obtained upon
terms favorable to the Company.

In particular, the Company's officers, directors and principal shareholders formed other
blind pool or blank check Florida-based companies at about the same time as formation of the
Company, which have a structure and a business plan identical to that of the Company.
Dominick Pope, President and a Director of the Company, is also an executive officer of Amwest
Group, Inc., Secretary of F-Pack, International, President and a director of Rolfe Enterprises, Inc.,
and is President of Studio II Productions, Inc.  James Season, Secretary and a Director of the
Company, is also Secretary of Rolfe Enterprises, Inc.

It is also likely that the Company's officers and directors will form additional blind pool
or blank check companies in the future, with a business plan similar or identical to that of the
Company.  The other blind pool or blank check companies which were formed at about the same
time as the Company and have an identical structure and business plan may be considered to be
in direct competition with the Company for available business opportunities, but that competition
does not currently create a conflict of interest with the Company because each of such companies
currently has an identical group of shareholders.  However, any additional blind pool or blank
check companies formed in the future, or which do not have the same shareholders and an
identical capital structure as the Company, would  be in direct competition with the Company for
available business opportunities and would create the potential for conflicts of interest.

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.

(a)  The Exhibits listed below are filed as part of this Annual Report.



Exhibit No.				Document



3.1		Articles of Incorporation (incorporated by reference from Registration Statement
on Form 10-SB filed with the Securities and Exchange Commission on May 17,
2000).

3.1a		Amendment to Articles of Incorporation (incorporated by reference from
Registration Statement on Form 10-SB filed with the Securities and Exchange
Commission on May 17, 2000).

3.2		Bylaws (incorporated by reference from Registration Statement on Form 10-SB
filed with the Securities and Exchange Commission on May 17, 2000 ).

(b)  No reports on Form 8-K were filed by the Company during the last quarter of its
fiscal year ending December 31, 2000.



SIGNATURE

In accordance with the Exchange Act, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.

**RCA TRADING CO., INC.**



By: /S/ DOMINICK POPE

Dominick Pope, Presidentand a Director

By:/S/ JAMES SEASON

James Season, Secretary and a Director

Date: April 11, 2001